The Securities and Exchange Commission is investigating Corinthian Colleges Inc., the for-profit chain disclosed Monday in a corporate filing. In a subpoena, the commission requested documentation relating to student recruitment, attendance, completion, placement and defaults on loans, according to the company, as well as information about compliance with U.S. Department of Education financial requirements.
- Corinthian's failure (and U.S. role in it) fuels for-profit critics
- Federal regulators accuse Corinthian Colleges of predatory lending scheme, strong-arm debt collection tactics
- CFPB is investigating Corinthian Colleges, possibly focusing on student lending
- Education Department reviews its monitoring of large for-profits in wake of Corinthian collapse
- U.S. attorney subpoenas Corinthian records on graduation rates, defaults
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